BSR
BSR
  • Home
  • Distressed Businesses
    • All Distressed Businessess
    • Administrations
    • Liquidations
    • Winding Up
    • Insolvency Advice  New
  • Buy a Business
    • All Businesses for Sale
    • Find a Business for Sale
    • Raising Business Finance
    • Buyer Acquisition Service   New
    • Escrow Service   New
  • Sell a Business
    • Sell Your Business
    • Seller Accounts
    • Need Help Selling?
    • Help With Finance New
    • Business Valuation
    • Business Wanted Adverts
  • Insights & News
    • View All News
    • View All Insights
  • Off-market
    • Source deals
  • Log In
  • Join Now
Join now
11111111

Home / News / Hybrid online estate agency puts itself up for sale

Hybrid online estate agency puts itself up for sale

Tue, 28 Sep 2021 | BUSINESS SALE

Hybrid online estate agency puts itself up for sale

Nu:move, a hybrid online estate agency operating via a franchise network, has been put up for sale by its owners. The firm’s owners, brothers Karen and Arun Batth, say that the company is being sold to enable them to focus on its sister business, property investment sourcing provider nu:1 Capital.

Founded in 2013, nu:move was valued at £2 million when the company listed on fundraising platform Seedrs in 2020. Last year, the company raised £750,000 to fund the expansion of its franchise network.

The firm has 20 regional representatives across its network, through which it has marketed around 10,000 properties. Nu:move’s founders say that the firm is profitable and has generated revenue growth on a yearly basis.

Franchises with the firm cost from £4,000 to £10,000, depending on the size of their individual network. Training, admin, systems and support from the wider group are then charged at £215 per month. The company offers both sales and lettings services and charges from £699 (excl. VAT) to £1,395 (excl. VAT) to market homes for sale.

According to chairman TJ Singh, the firm is being sold as “a ready-made business with all cloud-based systems in place”.

In its most recent available accounts at Companies House, for the year ending December 31 2020, nu:move had total net assets worth £2.23 million.


Find businesses for sale here.

If you are looking for an exit, we can help!


Share this article



Latest Businesses for Sale

HR Consultancy Practice
UK Wide

An outsourced employment law and HR specialist offering a comprehensive range of services for clients throughout the UK.

Asking Price: Offers Invited
Turnover: £500,000

LEASEHOLD


Consultancy Specialising in Design Management & Project Controls
UK Wide

A specialist consultancy providing project controls/planning, design management and workflow optimisation support for clients across the UK, the USA and the EU. The company’s comprehensive service offering helps clients plan, manage and control th...

Asking Price: Offers Invited
Turnover: £2,600,000

LEASEHOLD


Provider of Specialist Documentation to the Construction Industry
UK Wide

The company specialises in the authoring and compilation of record and handover documentation for buildings, which it delivers via its own in-house developed web-based software platform, electronically, and high-quality hard copy. Priding itself o...

Asking Price: Offers Invited
Turnover: £1,100,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
26
 
Jan
 

UK M&A down 16 per cent in 2022, but sentiment remains optimistic | BUSINESS NEWS

New analysis from PwC has revealed that UK M&A activity decl...

 
26
 
Jan
 

Private equity-backed law firm targeting further M&A in 2023 | BUSINESS NEWS

Stowe Family Law, a Leeds-headquartered specialist family la...

 
25
 
Jan
 

Eastbourne seafront hotel on the market for £2.3m | COMMERCIAL PROPERTY

The Eastbourne Riviera Hotel, located on the town’s po...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news

logo
Our Services Distressed Businesses
  • Businesses for Sale
  • Distressed Companies
  • List a Business
  • Help with Finance
  • Buyer Acquisition Service
  • Small Businesses for Sale
Company Buy a Business
  • About BSR
  • Insights
  • News
  • FAQs
  • Reviews
Get In Touch
020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm
About BSR
Business Sale Report is the UK's leading
independent business for sale & distressed business listing service.
Established in 1995, BSR offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.
Subscribe

Subscribe to our newsletter to receive news about the latest businesses for sale.

  • Terms
  • Privacy
  • linkedin
  • facebook
  • twitter
© 1995-2023. Business Sale Report Ltd. All rights reserved. www.business-sale.com.